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ENGINE on Biofuel Bunker Snapshot: Singapore’s B24 drops to discount to Rotterdam’s B30

Rotterdam’s bio-bunker sales surged in Q1 2024; Dutch biofuel rebates steady; Singapore’s B24-VLSFO premium over pure VLSFO narrowed.

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Bunker intelligence platform ENGINE published a snapshot of bio bunker fuels in the world’s two biggest bunkering hubs. The following is the latest snapshot: 

6 May 2024

  • Rotterdam’s bio-bunker sales surged in Q1 2024
  • Dutch biofuel rebates steady
  • Singapore’s B24-VLSFO premium over pure VLSFO narrowed

Changes in weekly bio-bunker prices (ENGINE-PRIMA Markets):

Singapore’s B24-VLSFO UCOME down by $23/mt to $724/mt

Singapore’s B24-LSMGO UCOME down by $24/mt to $812/mt

Rotterdam’s B30-VLSFO HBE down by $6/mt to $725/mt

Rotterdam’s B30-LSMGO HBE up by $2/mt at $834/mt

Rotterdam’s B30-VLSFO UCOME down by $26/mt to $787/mt

Rotterdam’s B30-LSMGO UCOME down by $18/mt to $896/mt

Singapore

Singapore’s B24-VLSFO and B24-LSMGO UCOME benchmarks have come down by $23-24/mt in the past week. The prices have declined despite a $5/mt increase in UCOME FOB China. The price gains of UCOME FOB China have been supported by the strengthening of downstream waste oil prices, PRIMA Markets reports. 

Singapore’s B24-VLSFO price drop has been much steeper compared to Rotterdam’s B30 VLSFO HBE price decline. The price moves have erased Singapore’s B24-VLSFO premium of $16/mt over Rotterdam’s B30-VLSFO and flipped to a slight discount. These are of course different blend ratios, but they represent the lowest-priced typical biofuel blends in the world’s two biggest bunker ports for comparison.

The premium of B24-VLSFO over pure VLSFO has narrowed by $23/mt to $71/mt in the past week, while the premium of B24-LSMGO over pure LSMGO has narrowed by $24/mt to $41/mt.

B24-VLSFO price in Singapore was trading around $35/mt lower than Hong Kong’s B24-VLSFO and a significant $110/mt lower than B24-VLSFO indicated in Khor Fakkan on Friday.

Rotterdam

Rotterdam’s B30-VLSFO HBE price has shed $6/mt in the past week, while its B30-LSMGO HBE price has inched $2/mt higher. Biofuel price premiums over pure conventional fuels are $118/mt for B30-VLSFO blend and $83/mt for B30-LSMGO blend.

The 2024 ticket price for advanced HBE has been roughly steady at €8.60/GJ ($9.26/GJ) in the past week. “The stagnant market is due to a lack of activity in the market as well as lower overall HVO prices and a stagnant biodiesel market,” PRIMA Markets stated. The rebate is around $82/mt for B30 blends sold in the Netherlands, making it lucrative to bunker advanced biofuel blends in Dutch ports compared to ports in Belgium and other countries where discounts don’t exist.

In Rotterdam, around 263,000 mt of bio-bunkers were sold in the first quarter of 2024, an increase of 13% from the 233,000 mt sold in the previous quarter. Bio-bunker sales were at their highest since the fourth quarter of 2022.

Rotterdam’s B30-LSMGO and B30-VLSFO UCOME prices have declined $18-26/mt in the past week.

Gibraltar’s B24-VLSFO UCOME has been indicated about $3/mt lower than Rotterdam’s B30-VLSFO UCOME in the past week.

By Nithin Chandran

 

Photo credit: Georg Eiermann on Unsplash
Source: ENGINE
Published: 7 May 2024

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Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

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BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

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Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

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NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

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Ammonia

AM Green plans to build green ammonia plant at Indian port

Initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes, says VOC Port Authority.

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VO Chidambaranar (VOC) Port Authority on Friday (29 May) said it has signed a Memorandum of Understanding (MoU) with India’s ammonia producer AM Green Ammonia to collaborate in the development of a green ammonia production plant.

The plant will have a capacity of one million tonnes per annum (MTPA) at Tuticorin.

The initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes. 

The project is expected to support the development of green fuel corridors connecting VOC Port with major ports in Europe and Asia, thereby strengthening India’s position in the global green fuels value chain.

VOC Port also signed a Memorandum of Understanding (MoU) with Bureau Veritas (India) Pvt. Ltd., to collaborate on Green Port certification, emissions accounting, ESG reporting, safety validation, development of green bunkering practices, and establishment of a Centre of Excellence for green fuels and sustainability.

The port also plans for an upcoming 750 m³ green methanol bunkering facility.

 

Photo credit: Naveed Ahmed on Unsplash
Published: 3 June, 2026

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